Bullish
Buy: 1350-1356
Stop: 1340
Wait for price action to confirm.
Incase of gap up wait for price to retrace. Incase of gap down as long as 1340 is not breached can initiate long.
Do not trade if market does not confer to the plan
***************
Fundamental truth of the markets
1. Any thing can happen
2. Every moment is unique
3. I don't need to know what the market is going to do next to make money
4. You'r edge is defined over a series of trades not on a trade on trade basis
---------- Mark Douglas
Buy: 1350-1356
Stop: 1340
Wait for price action to confirm.
Incase of gap up wait for price to retrace. Incase of gap down as long as 1340 is not breached can initiate long.
Do not trade if market does not confer to the plan
***************
Fundamental truth of the markets
1. Any thing can happen
2. Every moment is unique
3. I don't need to know what the market is going to do next to make money
4. You'r edge is defined over a series of trades not on a trade on trade basis
---------- Mark Douglas
Trade active:
Long @ 1369
Stop @ 1340
Stop @ 1340